Student Loan Rates - AnchorBank

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Last updated 6/30/2008. Good through 6/30/2009
Federal Family Education Loan Program (FFELP)

Stafford Loans

Stafford loans have a fixed rate that is set by the federal government. The rate is the same while a student is in school and during repayment. Stafford loans disbursed prior to July 1, 2006 will remain at a variable rate, capped at 8.25%. Contact the AnchorBank Student Lending Office or Great Lakes Higher Education for those rates.

Recent legislation will be changing Stafford loan rates. Starting July 1, 2008, the undergraduate subsidized Stafford loan interest rate will be fixed at 6.00%.

Federal Stafford Loan

Current Interest Rate

Unsubsidized undergraduate and subsidized / unsubsidized graduate

Subsidized undergraduate (effective for loans disbursed 7/1/08 through 6/30/09)

6.80%

6.00%

Details and Disclosures

PLUS Loans

As of July 1, 2006, the PLUS loan interest rate is fixed at 8.5%. PLUS loans disbursed prior to July 1, 2006 will remain at a variable rate, capped at 9.0%. Contact the AnchorBank Student Lending office or Great Lakes Higher Education for those rates.

Federal Parent PLUS Loan	Current Interest Rate
Parent as borrower	8.50%
Details and Disclosures

Graduate PLUS Loans

A federal Graduate PLUS loan is also available. The rate will be a fixed 8.5%.

Federal Graduate PLUS Loan	Current Interest Rate
In-school, grace and deferment and repayment	8.50%
Details and Disclosures

Federal Consolidation Loans

Federal Consolidation Loan	Current Interest Rate	Interest Rate Cap
Used to combine loans and possibly extend repayment term	Weighted average of the interest rates on the loans being consolidated, rounded to the next 1/8%	8.25%
Details and Disclosures

Alternative Loans

Anchor Alternative from Campus Door	Current Interest Rate	Interest Rate Cap
Private student loan Details and Disclosures	Range from Prime - 0.5% to Prime + 7.9%	None

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AnchorBank, fsb, 25 West Main Street, Madison, WI
a subsidiary of Anchor BanCorp Wisconsin, Inc., a Wisconsin corporation.